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Owner of land and owner of rent may agree for redemption, &c., of such rent. 2. The owner of any land or tenement subject to any rent may agree with the owner of such rent for the redemption and extinguishment thereof on the following terms; that is to say, the price to be paid for such redemption shall be either a sum of money in gross, or a part of the lands or tenements which were subject to the said rent, or any lands or tenements to which the owner shall be entitled in fee simple or fee farm, or which shall be subject to the same limitations as the lands or tenements to be discharged from rent by such agreement.
© 1864 Crown Copyright
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